Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (5,000 bars) are as follows: Ingredient Quantity Price Cocoa 500 lbs. $1.40 per lb. Sugar 100 lbs. $0.50 per lb. Milk 250 gal. $1.60 per gal. Determine the standard direct materials cost per bar of chocolate.
Q: Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars…
A: Formulas: Standard material cost per bar= Total cost / Number of quantities in a batch
Q: Almond Treats manufactures various types of cereals that feature almonds. Acme Cereal Company has…
A: The disparity between the costs of two different decisions is referred to as differential cost. When…
Q: Kappa Co. produces Omega, an animal feed made by mixing and heating three ingredients: Alpha, Beta,…
A:
Q: Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary…
A: Standard Cost: Standard cost is the estimated cost of a process, resource, or item that is used in…
Q: Use the following standard cost and actual information to calculate the cost of 1 gallon of ice…
A: The difference between the actual and expected labor costs is measured by the labor rate variance.…
Q: Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary…
A: Cost per Bar = Total Cost / Number of Bars Total Cost = Quantity of each Ingredient * Price of each…
Q: Love My Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and…
A: Standard costing is a costing method that measures performance by comparing the actual cost with…
Q: Plano Products manufactures a wide variety of chemical compounds and liquids for Industrial uses.…
A: Direct Material Variance is the difference between the Total Cost of actual materials used for the…
Q: Stinehelfer Beet Processors, Inc., processes sugar beets in batches. A batch of sugar beets costs…
A: In this question, we have been given some data related to the manufacturing and further processing…
Q: Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct…
A:
Q: Rise N’ Shine Coffee Company produces Columbian coffee in batches of 4,000 pounds. The standard…
A: Formulas for the above table:
Q: Coronado's Bakery makes a variety of home-style cookies for upscale restaurants in the Atlanta…
A: Standard cost accounting seems to be a very useful technique for managers trying to build a more…
Q: Standard Direct Materials Cost per Unit Roanoke Company produces chocolate bars. The primary…
A: Direct materials cost: Manufacturing products arise with raw materials that are altered into…
Q: Almond Treats manufactures various types of cereals that feature almonds. Acme Cereal Company has…
A: Here fixed overhead is not takes as it is sunk cost and irrelevant for decision making
Q: Standard Direct Materials Cost per Unit Billingsly Company produces chocolate bars. The primary…
A: Cost per Bar of Chocolate = Total Cost of Batch / No. of Bars
Q: I Love My Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa…
A: standard quantity means standard quantity for actual output
Q: Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are…
A: The total cost of direct materials would be calculated as sum of costs for cocoa, sugar and milk.…
Q: Almond Treats manufactures various types of cereals that feature almonds. Acme Cereal Company has…
A: Only variable costs which are relevant for decision making should be considered.
Q: Zoro Chemical Company manufactures a wide variety of chemical compounds and liquids for industrial…
A: Solution:- Calculation of Zoro's mix variance as follows:- Introduction:- The following formula…
Q: I Love My Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa…
A: Standard costing in simple terms can be defined as a system in which the standard costs and revenues…
Q: Almond Treats manufactures various types of cereals that feature almonds. Acme Cereal Company has…
A: Buy cost / Purchase cost = $ 24252
Q: Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary…
A: Introduction: Direct materials are the fundamental components of produced goods. Businesses track…
Q: Standard Direct Materials Cost per Unit Roanoke Company produces chocolate bars. The primary…
A: Standard cost = Quantity x Price
Q: Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct…
A: Variable cost is the cost that varies with the change in the level of production.
Q: atoro Chemical Company manufactures a wide variety of chemical compounds and liquids for industrial…
A: Direct material yield variance is the difference between the standard cost of the standard usage of…
Q: Stinehelfer Beet Processors, Inc., processes sugar beets in batches. A batch of sugar beets costs…
A: Sometimes two or more products of almost equal importance are produced together from the same raw…
Q: Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary…
A: Direct Materials: Direct materials are those items that are directly consumed for the manufacturing…
Q: Almond Treats manufactures various types of cereals that feature almonds. Acme Cereal Company has…
A: Differential cost is the difference in cost between two decision alternatives.
Q: Use the following standard cost and actual information to calculate the cost of 1 gallon of ice…
A: Cost accounting is the method used by manufacturing businesses to understand the cost incurred in…
Q: Use the following standard cost and actual information to calculate the cost of 1 gallon of ice…
A:
Q: Almond Treats manufactures various types of cereals that feature almonds. Acme Cereal Company has…
A: Variable cost means the cost which vary with the level of output where as fixed cost remain fixed…
Q: Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary…
A: Formula: Direct materials cost = Direct material standard price x direct material standard quantity…
Q: Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup…
A: a. Determine the standard unit materials cost per pound.
Q: Using the high-low method, how much is the total cost of producing 130 grams of honey? * The cost…
A: High low method is a method of cost estimation in which costs at highest level and lowest level of…
Q: Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are…
A: Ingredient Quantity Price Total cost Cocoa 570 lbs. $0.30 per lb. $171…
Q: LCC Company produce cereal product. At the beginning of the year, LCC Company had the following…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest…
A: Standard direct material cost per unit is the per unit cost of all materials used in the…
Q: Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are…
A: Direct materials cost per bar = Total cost / total number of units
Q: Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup…
A: a.
Q: Abica Coffee Company produces Columbian coffee in batches of 6,000 pounds. The standard quantity of…
A: Differential analysis of the company: Differential analysis Sell Regular Columbian or…
Q: I Love My Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa…
A: Direct labor variances: The difference between the actual labor cost in the production and the…
Q: 5 225 Tanggo 225 1.00 225 625 P650 There is a 20% loss in liquid volume…
A: The mix variance of Yatoro's is given as,
Q: tandard Direct Materials Cost per Unit Roanoke Company produces chocolate bars. The primary…
A: Standard direct material cost per bar = Total cost / Number of bars
Q: KLM, Inc., processes sugar beets in batches. A batch of sugar beets costs $51 to buy from farmers…
A: ANswer - Working Note : Profit / Loss = Selling price after processing – Selling price before…
Q: Yatoro Chemical Company manufactures a wide variety of chemical compounds and liquids for industrial…
A: Correct option is A. P2,308.80 Yatoro's yield Variance is P2308.80 Material yield Variance: =…
Q: Standard Direct Materials Cost per Unit Roanoke Company produces chocolate bars. The primary…
A: The goal of establishing standards for direct materials is to keep direct material costs under…
Q: Almond Treats manufactures various types of cereals that feature almonds. Acme Cereal Company has…
A: Make Buy Direct material $13000 Direct labor 5100 Variable overhead 2200 Purchase…
Q: Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are…
A: Total amount of ingredients=Cocoa+Sugar+Milk=570×$0.40+180×$0.60+150×$1.50=$228+$108+$225=$561
Q: Standard Direct Materials Cost per Unit Billingsly Company produces chocolate bars. The primary…
A: Variance refers to a change between the expected value and the actual result. This term is usually…
Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The
Ingredient | Quantity | Price |
---|---|---|
Cocoa | 500 lbs. | $1.40 per lb. |
Sugar | 100 lbs. | $0.50 per lb. |
Milk | 250 gal. | $1.60 per gal. |
Determine the standard direct materials cost per bar of chocolate.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
- Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (3,350 bars) are as follows: Ingredient Quantity Price Cocoa 480 Ibs. $0.30 per Ib. Sugar 150 Ibs. $0.60 per Ib. Milk 120 gal. $1.40 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per barTruly Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (1,457 bars) are as follows: Ingredient Quantity Price Cocoa 420 lbs. $0.30 per lb. Sugar 120 lbs. $0.60 per lb. Milk 90 gal. $1.20 per gal. Determine the standard direct materials cost per bar of chocolate. Round to two decimal places.fill in the blank 1 of 1$ per barQuestion 1) Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard cost for a batch of chocolate (2,880 bars) are as follows: Ingredient Quantity Price Cocoa 540lbs $0.30 per lb. Sugar 150lbs $0.60 per lb. Milk 120gal $1.50 per gal. Determine thte standard direct materials cost per bar of chocolate. If required, round to the nearest cent. $_______ per bar __________________________________________________________ Question 2) Refer to the picture
- Standard Direct Materials Cost per Unit Billingsly Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (7,100 bars) are as follows: Ingredient Quantity Price Cocoa 600 Ibs. $1.25 per Ib. Sugar 120 Ibs. $0.50 per Ib. Milk 180 gal. $2.60 per gal. Determine the standard direct materials cost per bar of chocolate. Round to two decimal places. $ per barStandard Direct Materials Cost per Unit Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (2,600 bars) are as follows: Ingredient Quantity Price Cocoa 480 Ibs. $0.30 per Ib. Sugar 150 Ibs. $0.60 per Ib. Milk 120 gal. $1.30 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per barStandard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (2,471 bars) are as follows: Ingredient Cocoa Sugar Milk Quantity 570 lbs. 180 lbs. 150 gal. tA Price $0.30 per lb. $0.60 per lb. $1.60 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per bar
- Standard Direct Materials Cost per Unit Billingsly Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (7,100 bars) are as follows: Ingredient Quantity PriceCocoa 600 lbs. $1.25 per lb.Sugar 120 lbs. $0.50 per lb.Milk 180 gal. $2.60 per gal. Determine the standard direct materials cost per bar of chocolate. Round to two decimal places.Bronte Confections is known for its rich dark chocolate fudge. Bronte sells its fudge to local retailers. A "unit" of fudge is a 10-pound batch. The standard quantities of ingredients for a batch include 6 cups of sugar, 23 ounces of chocolate chips, 13 ounces of butter, and 25 ounces of evaporated milk. The standard costs for each of the ingredients are as follows: $0.25 per cup of sugar, $0.14 per ounce of chocolate chips, $0.11 per ounce of butter, and $0.08 per ounce of evaporated milk. Calculate the standard direct material cost per batch of fudge. Calculate the standard direct material (DM) cost per batch of fudge. (Enter all dollar amounts to two decimal places.) Standard Quantity X Standard Price Standard Cost Sugar per cup Chocolate chips per ounce Butter per ounce Evaporated milk per ounce Standard DM cost per batch X XSharon's Delights Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following planning information has been made available: Cocoa Sugar Standard labor time Planned production Standard labor rate Actual production (cases) Cocoa Sugar Dark chocolate Light chocolate Actual Price per Pound $4.90 1.24 Required: a. Dark Chocolate 4,000 cases $15.50 per hr. Standard Amount Standard Amount per Case per Case Dark Chocolate Light Chocolate Sharon's Delights Chocolate Company does not expect there to be any beginning or ending inventories of cocoa or sugar. At the end of the budget year, Sharon's Delights Chocolate Company had the following actual results: Dark Chocolate Light Chocolate 4,500 Actual Labor Rate $15.25 per hr. 15.80 per hr. 8 lbs. 5 lbs. 0.50 hr. Direct materials price variance Direct materials quantity variance Total direct materials cost variance b. Direct labor rate variance Direct labor time variance Total direct labor cost…
- I Love My Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following planning information has been made available: Standard Amount per Case Cocoa Dark Chocolate Light Chocolate Standard Price per Pound 9 lb. 6 lb. 7 lb. 11 lb. $5.2 0.6 Sugar Standard labor 0.4 hr. 0.5 hr. time Planned production Standard labor rate Dark Chocolate Light Chocolate 4,200 cases $16.5 per hr. 10,000 cases $16.5 per hr. I Love My Chocolate does not expect there to be any beginning or ending inventories of cocoa or sugar. At the end of the budget year, I Love My Chocolate Company had the following actual results: Dark Chocolate Actual production (cases) Light Chocolate 10,400 Actual Pounds Purchased and Used 4,000 Actual Price per Pound Cocoa Sugar $5.3 0.55 98,900 138,800 Actual Labor Rate Actual Labor Hours Used Dark chocolate $16.2 per hr. 16.8 per hr. 1,460 5,330 Light chocolate Required: Prepare the following variance analyses for both chocolates and…I Love My Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following planning information has been made available: Standard Amount per Case Dark Chocolate Light Chocolate Standard Price per Pound 7 Ibs. Сосоа 10 Ibs. $5.00 Sugar 8 Ibs. 12 Ibs. 0.60 Standard labor time 0.3 hr. 0.4 hr. Dark Chocolate Light Chocolate Planned production 5,400 cases 14,000 cases Standard labor rate $14.50 per hr. $14.50 per hr. I Love My Chocolate Company does not expect there to be any beginning or ending inventories of cocoa or sugar. At the end of the budget year, I Love My Chocolate Company had the following actual results: Dark Chocolate Light Chocolate Actual production (cases) 5,100 14,600 Actual Price per Pound Actual Pounds Purchased and Used Сосоа $5.10 154,000 Sugar 0.55 210,600 Actual Labor Rate Actual Labor Hours Used Dark chocolate $14.00 per hr. 1,390 Light chocolate 15.00 per hr. 5,990 Required:Tropikal Co makes fizzy drinks. One of its products, the Opop, requires the following standard input for a litre of output: Materials Litres Cost per litre ($) ($) Carbonated water 1.50 0.90 0.6 0.3 Flavoured syrup 2.00 0.60 Sugar water 0.3 0.80 0.24 1.2 1.74 During June, 6,000 litres of the Opop were made and sold using the following inputs: Materials Actual litres used Actual cost per litre ($) Carbonated water 3,800 1.40 Flavoured syrup 1,400 2.10 Sugar water 1,500 0.95 6,700 What was the favourable yield variance for the Opop for June? Select... V Select... $725 $740 $15 $732